Sanctuary Advisors LLC Acquires New Holdings in OGE Energy Corporation $OGE

Key Points

• Sanctuary Advisors acquired 22,086 shares of OGE Energy in the second quarter, valued at approximately $1.075 million. Institutional investors and hedge funds collectively own 71.84% of the company.
• Analyst sentiment is mixed, with four Buy ratings and seven Hold ratings; OGE Energy has an overall “Hold” consensus and an average price target of $49.60.
• OGE Energy reported quarterly EPS of $0.56, slightly exceeding estimates, while revenue of $711.9 million fell short of forecasts and declined 4% year over year.

Sanctuary Advisors LLC bought a new position in shares of OGE Energy Corporation (NYSE:OGE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,086 shares of the utilities provider's stock, valued at approximately $1,075,000.

Several other hedge funds have also recently bought and sold shares of OGE. Strs Ohio boosted its holdings in shares of OGE Energy by 4.5% in the first quarter. Strs Ohio now owns 5,029 shares of the utilities provider's stock valued at $241,000 after buying an additional 217 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of OGE Energy by 3.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 6,740 shares of the utilities provider's stock worth $323,000 after acquiring an additional 218 shares during the period. Orion Porfolio Solutions LLC lifted its position in OGE Energy by 3.3% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 6,979 shares of the utilities provider's stock valued at $323,000 after acquiring an additional 222 shares in the last quarter. Blair William & Co. IL lifted its position in OGE Energy by 0.9% in the 3rd quarter. Blair William & Co. IL now owns 27,454 shares of the utilities provider's stock valued at $1,270,000 after acquiring an additional 234 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in OGE Energy by 49.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 771 shares of the utilities provider's stock worth $36,000 after purchasing an additional 255 shares during the period. 71.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen upgraded OGE Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Barclays boosted their price target on OGE Energy from $51.00 to $52.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. LADENBURG THALM/SH SH increased their price objective on OGE Energy from $42.50 to $47.00 and gave the stock a "neutral" rating in a report on Monday, May 11th. Weiss Ratings reiterated a "buy (b)" rating on shares of OGE Energy in a report on Friday, July 31st. Finally, BMO Capital Markets dropped their target price on OGE Energy from $50.00 to $49.00 and set a "market perform" rating on the stock in a research report on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, OGE Energy currently has an average rating of "Hold" and an average price target of $49.60.

OGE Energy Price Performance

NYSE:OGE opened at $46.04 on Friday. OGE Energy Corporation has a 12-month low of $41.69 and a 12-month high of $50.59. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 3.45 and a beta of 0.53. The stock's 50 day moving average price is $47.96 and its two-hundred day moving average price is $47.76. The company has a quick ratio of 0.47, a current ratio of 0.77 and a debt-to-equity ratio of 1.12.

OGE Energy (NYSE:OGE - Get Free Report) last issued its earnings results on Tuesday, July 28th. The utilities provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $711.90 million during the quarter, compared to the consensus estimate of $782.73 million. OGE Energy had a return on equity of 9.48% and a net margin of 14.44%.The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. On average, analysts anticipate that OGE Energy Corporation will post 2.42 earnings per share for the current year.

OGE Energy Company Profile

OGE Energy Corp. NYSE: OGE is an energy and infrastructure holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, Oklahoma Gas & Electric Company, the company provides regulated electric service to residential, commercial and industrial customers across Oklahoma and western Arkansas. Its diversified generation mix includes coal, natural gas and wind-powered facilities, complemented by ongoing investments in grid modernization and smart technology to enhance reliability and customer satisfaction.

In addition to its core electric utility operations, OGE Energy Corp.

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